OKEA reduces 2023 production outlook on Wintershall Nova report

OKEA ASA has reduced its production outlook for 2023 to 22,000-25,000 boe/d from 25,000-27,000 due to issues with water injectors on Wintershall Dea Norge-operated Nova field, in which OKEA holds 6% interest.

Wintershall notified OKEA that the issues may impact production from the field until end-2023, the company said in a release Nov. 16.

OKEA's total volume production guidance for 2022 is unchanged at 15,900-17,200 boe/d including compensation volumes as production from assets acquired from Wintershall Dea earlier this year were excluded from the 2022 guidance.

There is no indication that the issues will impact recoverable reserves from the field, which are estimated at 90 MMboe, of which the majority will be oil, the company said.

Nova—which began production in August—lies in the Norwegian North Sea in license 418, about 120 km northwest of Bergen and 17 km southwest of Gjøa in 370 m of water. It consists of two subsea templates, one with three oil producers and one with three water injectors, tied back to the Neptune Energy-operated Gjøa platform. The host platform provides gas lift and water injection to the field and receives Nova hydrocarbons (OGJ Online, Aug 1, 2022).

Wintershall Dea is operator of the field with 39% interest. Partners are Sval Energi AS (45%), and Pandion Energy Norge (10%), and OKEA (6%).